Today's topics include Houston considers reimposing quarantine, economists tasked with the unenviable job of forecasting, a sign of the odd times we live in, quarantine pushes personal savings rate to record, the Treasury's cash pile, household net worth fell by record 5.6% in first quarter, COVID's effect on gold trading, more on the Fed's currency swaps, and European bond sales.
The central bank has fostered an unprecedented amount of risk-taking at the expense of the long-term health of the economy.
The Fed let it be known that they are committed to keeping rates at zero for the next few years, if need be.
Today's topics include your weekly jobless claims update, the political side of stimulus, economic output needs to follow stimulus, the U.S. budget deficit, EU bonds, the Fed's swap lines, physical gold storage, fund fees continue to fall, and subprime debt.
The last few weeks have not been good for President Trump, as reflected in the polls and bettors' opinion on the fall election.
Once food and energy prices are removed, inflation has fallen at its fastest 3-month annualized rate on record.
Today's topics include FOMC stimulus and volatility, Fed guidance, OECD updates grim outlook, recessions in presidential election years, the call to extend extra $600 weekly unemployment benefits, world stock market capitalization, retail's bet on bankrupt companies, and alternative data.
For weeks we have been detailing the unfolding retail mania in the stock market. It seems to be going to new heights.
Today's topics include the NBER makes the recession official, reasons to doubt the recovery, rethinking the standard 60/40 portfolio, all eyes on the Fed's economic projections tomorrow, making sense of the stock market rally, another dive into growth vs. value, the big get bigger, and still waiting on the Fed's corporate bond purchases.